Master in Plant Protection, 18 years at Syngenta in several managerial position for diverse portfolio & agriculture technologies in broad geographical areas. Experineced in Digital Agriculture at different companies.

Founder and CEO of Interticket, a traditional software company operating globally. Co-founder of Blockchain Competence Center, a European management consulting and professional service company specialized in the Blockchain industry.

Australian Veterinarian with a Masters in International Animal Welfare Ethics and Law and 13 years experience as a large animal veterinarian. Michael is the current Vietnam Livestock Services Manager for Meat and Livestock Australia(MLA). MLA is the Australian red meat industry service body that works with both Government and industry globally to support the ongoing development of international markets with a focus on improving animal health and welfare, market access, and supply chain capacity.

Over 15 years of experience with various Fortune 500 companies and startups. He has managed changes in large scale infrastructures without downtime while customers were actively using the system. Besides engineering István has experience in managing onshore & offshore software teams delivering mission critical systems.

Attila SzaboLead Developer, blockchain team

Over 12 years of experience in software engineering, focusing on large scale systems in the financial, chemical, big data space. 6 years experience in part time lecturing in computer science (ADA, Java, TDD, Parallel programming).

Elements of TE-FOOD

How TE-FOOD works

TE-FOOD enables all companies of the fresh food supply chain to manage logistics and food safety related data in their operations.

Identification tools of various technologies are applied to livestock, transports, and fresh food packages to follow the items throughout the whole supply chain. Fresh food products in retail can be traced back to their origins together with food safety related information.

TECoins represent a payment tool to use within the TE-FOOD system. It can be used for the following purposes:

TE-FOOD has more implementation models. It can be implemented by a company (food producer, retailer) to require traceability data from its suppliers, or it can be implemented by a government for the whole supply chain in one or more geographical regions / food categories. For government implementations, TE-FOOD prefers PPP (Public Private Partnership) model, where the government acts as regulatory authority, not as customer. TE-FOOD provides consultation services for the authorities, does the implementation, and trains the supply chain.

Social problems to solve

Food safety

1 in 10 people gets ill each year from foodborne diseases.

Lack of food safety processes result in the death of 400,000 people, mostly children under age 5.

Antimicrobial resistance, overuse of antibiotic drugs

Common overuse of animal antibiotics caused the emergence of antibiotic-resistant infections, which totals $20 billion in health care costs each year only in the U.S.

By 2050, antimicrobial resistance (AMR) can cause low-income, developing countries to lose more than 5% of their GDP and push up to 28 million people into poverty.

Economic inequality

Food sector is the most affected industry by economic inequality.

Employees in agriculture among lowest earners.

Migration caused by climate change

Climate change has the biggest negative impact on the agricultural sector.

Migration caused by climate change is a growing threat to a lot of emerging countries, which has serious global impacts.

Food frauds, mistrustful supply chains

Public sector corruption takes out $1.5 trillion to $2 trillion annually from the global economy in the form of bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty.

Food frauds have serious economical impact of $55B.

Low VAT revenue, high VAT rates

In a lot of developing countries it is very hard to follow the real quantity of retail transactions, which results in high VAT rates on legal trading to compensate the loss.

Market size

Growth rate

Compound Annual Growth Rate of food traceability is the highest in Asia-Pacific (16.7%) compared to the rest of the world (5.5-8.7%). (Allied Market Research)

Target markets

TE-FOOD’s primary target markets are the emerging countries. The reasons:

65% of the food frauds, foodborne illnesses and deaths happen in the emerging countries

In many emerging countries, corruption is very strongly present in food supply chains, and is a major obstacle in making supply chains transparent. However, there is a strong will in governments to make this industry cleaner, which gives a strong regulatory background.

Supply chains in emerging countries lack any form of a traceability system. But they have the opportunity to skip several stages of technological advancement. They simply leave out DOS based applications or Excel, and jump from paper based transaction register directly to blockchain based, mobile app driven operation using QR codes.

Growing middle-class in emerging countries, and increasing awareness among population drives growing demand for consumer level product history insight. Our technology and implementation methodology fits perfectly in the needs of emerging countries.

Emerging countries represent 60% of the world's population and 45% of its GDP.